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Bitcoin mining hardware manufacturer Canaan has received a delisting warning from Nasdaq, Decrypt reported. The notice, issued earlier this week, requires the company to raise its share price above $1 for at least 10 consecutive days by July to remain listed. Canaan's stock is currently trading at $0.7955, down approximately 3% from the previous day.

Blockchain security expert ZachXBT stated that a hardware wallet engineering scam resulted in the theft of over $282 million in LTC and BTC around 11:00 p.m. UTC on Jan. 10. According to the analysis, the attacker began converting the stolen assets into Monero (XMR) through multiple exchanges, which triggered a surge in XMR's price. ZachXBT added that the attacker currently holds 2.05 million LTC and 1,459 BTC. The stolen BTC has also been bridged to the Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) networks via THORChain (RUNE).

Bitcoin is currently at its most undervalued level relative to the price of gold, a condition that could signal a bullish turn, according to an analysis by Cointelegraph. The analysis suggests a high probability of a strong Bitcoin price in 2026 based on historical patterns. Cointelegraph noted that after a similar signal of undervaluation against gold appeared in late 2022, the price of BTC surged by nearly 150%. This precedent suggests that extreme undervaluation can be a precursor to a major bull market. The recent Z-score comparing BTC and gold prices has fallen below -2, indicating that the standard deviation of Bitcoin's price relative to gold is significantly lower than its long-term average. Historically, rebounds have often begun when the Z-score approached this level. Consequently, the analysis posits that Bitcoin's price appreciation could outpace that of gold in the coming months.

Mike Novogratz, CEO of crypto financial services firm Galaxy Digital, has stated that a compromise will eventually be reached on the U.S. crypto market structure bill (CLARITY Act) and that its passage is necessary for the industry to grow. In an interview with CNBC, Novogratz said that while the bill passing in its current amended form would not be ideal for the industry, he believes the outcome would ultimately be acceptable, adding that an imperfect law could be improved over time, The Block reported. His comments come amid widespread opposition to the CLARITY Act's current provisions from within the U.S. crypto industry. Coinbase, for example, has withdrawn its support for the bill, citing concerns over a de facto ban on tokenized stocks, the potential to block DeFi while allowing unrestricted access to financial data, a weakening of the Commodity Futures Trading Commission's (CFTC) authority in favor of the SEC, and a possible prohibition on stablecoin reward features.

Bill Demchak, CEO of major U.S. bank PNC, has argued that stablecoins must choose whether to function as an investment product or a payment method. Speaking during an earnings call on Jan. 16, Demchak stated that stablecoins paying interest to holders are similar to money market funds and should be subject to the same regulations, CoinDesk reported. He warned against the dual use of stablecoins without clear rules, adding that he opposes the push by crypto firms to offer interest on these assets. Demchak emphasized that such a structure would not be permitted in the traditional financial system without strict regulatory oversight.

Ripple (XRP) CEO Brad Garlinghouse has voiced his support for the U.S. crypto market structure bill, known as the CLARITY Act, stating that an imperfect law is preferable to the current market uncertainty. In a recent interview, he argued that clarity is better than chaos and that the industry needs clear rules to operate effectively, even if they are not perfect initially, CryptoBasic reported. Garlinghouse urged industry participants to continue engaging with lawmakers and propose improvements rather than turning away in frustration. However, the CLARITY Act faces significant opposition within the U.S. crypto industry. Coinbase, for instance, has withdrawn its support for the bill, citing several concerns. These include a de facto ban on tokenized securities, the potential to block DeFi while allowing unlimited access to financial data, a weakening of the Commodity Futures Trading Commission's (CFTC) authority relative to the SEC, and the possible prohibition of stablecoin reward features.

Global spending on cryptocurrency cards has reached an annual run rate of $18 billion, signaling the growing use of stablecoins for everyday payments, Coindesk reported, citing a report from on-chain data platform Artemis. According to the report, spending on crypto credit and debit cards has increased to a level nearly matching that of peer-to-peer stablecoin transfers. Monthly spending surged from around $100 million in early 2023 to over $1.5 billion by the end of the year. The crypto card payment market is expanding at an average annual rate of approximately 106% and is approaching the $19 billion annual volume of peer-to-peer stablecoin transfers. Visa processes more than 90% of on-chain card transaction volume, a result of its early partnerships with crypto infrastructure providers.

According to CoinNess market monitoring, BTC has fallen below $95,000. BTC is trading at $94,902.48 on the Binance USDT market.

On-chain data platform CryptoQuant stated in a post on X that while investor sentiment in the Bitcoin market has recently become enthusiastic, multiple indicators still point to a bear market. The firm noted that BTC has rallied this year, approaching its 365-day moving average on the daily chart, a level that previously halted rallies during the 2022 bear market. CryptoQuant added that the current chart pattern resembles the 2022 cycle, when a bear market began after BTC broke below this moving average following a peak. The analysis also highlighted decreasing on-chain spot demand, largely unchanged ETF-driven fund inflows compared to the same period last year, and increased BTC inflows to major exchanges, which suggests rising selling pressure. Based on these factors, CryptoQuant concluded that the year-to-date rally is likely a rebound within a broader bear market.

In a report on Jan. 16, JPMorgan attributed the strong performance of U.S.-listed Bitcoin mining stocks to a modest rise in BTC's price this year and improved profitability from a declining hash rate, CoinDesk reported. The bank noted that the combined market capitalization of 14 U.S.-listed miners grew by $13 billion in the first two weeks of the year, reaching approximately $62 billion. JPMorgan added that a trend of diversifying revenue streams into areas like artificial intelligence (AI) and high-performance computing (HPC) has also contributed to the stock gains. The report suggested that the rally in mining stocks could accelerate if Bitcoin's price remains stable and the hash rate continues to cool.

A significant portion of fee revenue in the blockchain industry is flowing to decentralized finance (DeFi) applications and wallets rather than the network layer itself, Cointelegraph reported. This trend suggests that the focus of investors and developers may also be shifting toward the application layer. According to an analysis by Jamie Coutts, a crypto market analyst at Real Vision, DeFi apps are now generating five times the fee revenue of the blockchains they operate on. Cointelegraph explained that if this trend continues, a greater share of fees will be allocated to DeFi apps such as wallets, decentralized exchanges (DEXs), and other protocols, leaving less revenue for the underlying blockchain networks.

Purchases of ETH by U.S. spot Ethereum ETFs this week have outpaced the cryptocurrency's new supply, Cointelegraph reported, citing data from Farside Investors. The funds recorded approximately $474.6 million in net inflows for the week, driven by rising demand as institutional investors increase their ETH exposure. On-chain data further supports this trend, with the number of active Ethereum addresses over the past 30 days increasing by 53% month-over-month. Daily transactions also hit a new all-time high of 2.9 million on Jan. 16. From a technical perspective, Cointelegraph noted that ETH is forming a symmetrical triangle pattern on its daily chart. A breakout above the upper resistance line could see the asset recover to $4,500, with the potential for a further rally to $5,500.

Steven McClurg, CEO of crypto asset management firm Cannery Capital, has stated that Ripple (XRP) is poised to lead the trend in real-world asset (RWA) tokenization. Speaking on a podcast, McClurg noted that while XRP was not a primary personal interest of his in the past, he has observed significant development in the XRP Ledger (XRPL) over the last two years, CryptoBasic reported. He assessed that during this time, XRPL has proven its utility in traditional finance, positioning XRP to become a leading token for the RWA trend. McClurg also predicted that if Bitcoin's rally fails this year, its price could fall to between $60,000 and $70,000. He added that XRP has greater upside potential and could reach as high as $5, even if it rallies independently of Bitcoin.

Investor sentiment in the Bitcoin options market is unstable, with traders remaining cautious about downside risk, according to on-chain analytics firm Glassnode. The firm explained that implied volatility (IV) across all maturities is gradually contracting, indicating a slowdown in demand for hedges against sharp price movements. While short-term volatility still reacts to spot prices, it is being suppressed by sell-offs during rallies. Glassnode noted that skew, the difference in IV between call and put options, is sending mixed signals. The 25-delta skew still favors put options, which are bets on a price decline, but short-term skew is neutral, and long-term skew is tilted toward the upside. This suggests a growing demand for bullish bets over simple downside hedging. The firm also observed trend-following behavior, with a concentration of call option purchases when BTC surpassed $95,000. However, Glassnode concluded that overall sentiment remains fragile, as traders are reluctant to sell put options, showing that caution about downside risk persists despite recent price increases.

New York State is advancing legislation to impose criminal penalties on cryptocurrency companies that operate without a license. Manhattan District Attorney Alvin Bragg and New York State Senator Zellnor Myrie have introduced the new bill, dubbed the CRYPTO Act, according to Decrypt. The legislation would shift the state's enforcement from its current focus on civil penalties to criminal charges for unlicensed operations. The bill also includes provisions for escalating punishments based on the severity of the violation, particularly for firms that handle more than $1 million in crypto assets annually.

Binance has announced it will list SPORTFUN/USDT and AIA/USDT perpetual futures. The SPORTFUN contract will launch at 1:45 p.m. UTC today, followed by the AIA contract at 2:00 p.m. UTC. Both contracts will support up to 20x leverage.

The cryptocurrency market this year will be characterized more by structural shifts than by price volatility, according to a new report from Kraken. The exchange noted that the market is undergoing fundamental changes in its distribution structure, driven by macroeconomic uncertainty, a rigid market framework, and a shift in cycles led by institutional capital. While Bitcoin remains a key indicator of market risk, the pathways for demand, liquidity, and risk transmission have evolved. Specifically, U.S. spot Bitcoin ETFs and companies holding digital asset treasuries (DATs) have become major variables in price formation. These entities generated $44 billion in net demand last year, but the market price did not react as strongly as anticipated because long-term holders supplied the market with their holdings, dampening the immediate upward price reaction seen in previous cycles, The Block reported. Despite these structural changes, Kraken stated that the macroeconomic environment remains a key factor. Moderate U.S. economic growth, persistent inflation, and a slow pace of monetary easing are limiting the upside potential for risk assets. For cryptocurrencies to rebound, a recovery in institution-led momentum is essential. The report highlighted that net inflows into ETFs slowed last year compared to the prior year, and DAT companies have found it more difficult to issue new shares due to shrinking premiums. A clear risk-on momentum is needed for the market to move higher.

The Audi F1 team has named crypto lending firm Nexo as its official crypto partner, Wu Blockchain reported. The two companies plan to launch global digital campaigns and premium fan experience programs.

Liquidity for spot Bitcoin ETFs has not yet recovered, according to an analysis by Mignolet, a crypto analyst and CoinNess Content Creator (CC). The analyst noted that Fidelity's FBTC and Ark Invest's ARKB, two ETFs that most directly influence Bitcoin's price, have seen stagnant inflows. FBTC has not surpassed its high from March 2024, while ARKB has been in a downtrend since July 2024. Mignolet pointed out that this trend is similar to the stock price pattern of Strategy, which failed to rebound for a year after hitting a new high in November 2024, signaling a significant weakening of liquidity. The analyst stated that the level of liquidity many expect has not yet returned. While BlackRock's IBIT trades are mostly conducted over-the-counter (OTC) and do not directly drive up the price, Mignolet argued that the price would likely have fallen more sharply without IBIT's buying pace. However, the analyst warned that IBIT's liquidity has also weakened. Although short-term inflows could resume, the overall trend remains negative. If there is insufficient demand to absorb OTC sales, this supply could flood the spot market.

The Eastern European nation of Moldova plans to enact a comprehensive cryptocurrency law this year in compliance with the European Union's Markets in Crypto-Assets (MiCA) regulation, CoinDesk reported. Moldovan Finance Minister Andrian Gavrilita said the government is working with regulators to create a legal framework that allows citizens to hold and trade crypto assets. However, he clarified that the legislation will not go as far as recognizing cryptocurrencies as a means of payment. Gavrilita added that while it is uncertain if the law will be introduced next month, it represents a commitment to the EU and that banning crypto is not an option.

Christopher Wood, Global Head of Equity Strategy at U.S. investment bank Jefferies, has removed a 10% Bitcoin allocation from the firm's model portfolio, Bloomberg reported. The decision was reportedly driven by concerns that advances in quantum computing could threaten Bitcoin's long-term security and weaken its function as a store of value for institutional investors.

Bitcoin could collapse within seven to 11 years due to a declining security budget, according to Justin Bons, co-founder of European crypto investment fund Cyber Capital. He argued that Bitcoin's security model relies on miner rewards from block subsidies and transaction fees. However, the four-year halving cycle structurally reduces revenue from these subsidies. To maintain current security, Bons stated that Bitcoin's price would need to double every four years or sustain extremely high fees, both of which he considers unrealistic in a competitive market. As miner revenue falls, he warned the network will become vulnerable to major attacks, potentially starting within the next two to three halving cycles. Bons noted that while an attack might cost millions of dollars, the potential profit could be in the hundreds of millions or billions, creating a significant incentive for attackers.

Digital Wealth Partners (DWP), a registered investment advisory firm specializing in digital assets, has entrusted digital asset fund Two Prime with the management of $250 million in BTC, CoinDesk reported. The outlet noted that the partnership is a sign of the maturing cryptocurrency investment landscape.

Sela Network has announced plans to address the risks of dependency on social media platforms through its decentralized, node-based web access infrastructure. The announcement follows a recent policy change at X, where Head of Product Nikita Bier stated that apps offering financial rewards for posting on the platform are no longer permitted under its API terms. X immediately blocked access for such services, directly impacting the operations of businesses that relied on its API. Sela Network is positioning its infrastructure as an alternative that does not depend on any single social API, explaining that it provides an environment where development teams do not have to risk their entire business on one platform.

Decentralized artificial intelligence (AI) agent project Infinity Ground (AIN) has launched its AIN staking service. Users can stake their tokens for five different periods, ranging from one to 24 months, to earn annual yields of 10% to a maximum of 40% depending on the duration. The project stated that stakers will also be eligible for future airdrops from projects incubated by Infinity Ground and can participate in joint incentive programs with ecosystem partners. Rewards are weighted based on the staking period and amount. The service is built on the BNB Chain, ensuring compatibility with major wallets and ecosystem infrastructure.